Frontenac closes recap of Liquid Tech, personal-care-products formulator
Frontenac, the Chicago private equity firm focused on lower-middle-market, family-held and owner-operated businesses, completed the recapitalization of Liquid Technologies, the Chino, California, contract formulator and producer of personal-care products like shampoo and skin-care cream. Terms weren’t disclosed. Ron Kuehl, managing director at Frontenac, in a statement called Liquid Technologies’ growth trajectory “impressive” and said the company would pursue strategic and complementary acquisitions. As part of the deal, Jay Kline, whose background includes executive tenures at Kennametal and BASF, was named chief executive of Liquid Technologies.
19 April 2016•2 mins read
